State of Minority Business Enterprise (SMOBE) Data by State

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Minority-owned businesses grew more than four times as fast as U.S. firms overall between 1992 and 1997, increasing from 2.1 million to about 2.8 million firms, according to a report released today [PDF] by the Commerce Department's Census Bureau.

The 30 percent growth rate exceeded the 7 percent increase for all U.S. firms, which jumped from 17.3 million in 1992 to 18.4 million in 1997.

Receipts of all minority-owned firms (excluding C corporations) rose 60 percent to $335.3 billion in 1997, compared with a 40 percent increase for all U.S. firms over the same period.

In releasing the report, Under Secretary for Economic Affairs Kathleen B. Cooper said, "We are pleased to report that this portrait of the American economy shows rapidly expanding opportunities for minority entrepreneurs and a more diverse universe of small businesses."

Ronald N. Langston, director of the Commerce Department's Minority Business Development Agency (MBDA), said, "Today's report clearly indicates minority businesses are growing at a faster rate than U.S. businesses overall." He further said, "As the director of MBDA, I will work to empower minority businesses to achieve higher levels of success by directing MBDA to be innovative and focused on entrepreneurship."

The growth estimates do not include C corporations, for which comparable 1992 data are not available. C corporations were covered for the first time in the report, 1997 Survey of Minority-Owned Business Enterprises: Summary. C corporations encompass all legally incorporated businesses, except for subchapter S corporations. Subchapter S corporations are those whose shareholders elect to be taxed as individuals rather than as corporations.

Forty-three percent ($255.9 billion) of all revenues generated by minority-owned businesses were produced by 252,900 C corporations.

Including C corporations, there were more than 3 million minority-owned business enterprises, employing 4.5 million people and generating $591.3 billion in revenues. Overall, minority-owned firms made up 15 percent of the nation's businesses and generated 3 percent of all receipts.

Minority-owned businesses are those owned by African Americans, Hispanics, Asians and Pacific Islanders, or American Indians and Alaska Natives.

The vast majority of these firms, 82 percent or 2.5 million, were sole proprietorships (unincorporated businesses owned by individuals).

Highlights from the report:

  • California, Texas, New York and Florida, the nation's most populous states and home to nearly half of all minority residents, had the largest number of minority-owned businesses.

  • While Hispanics owned the largest share of firms owned by minorities, Asian- and Pacific Islander-owned firms reaped the largest share of minority-owned business revenues -- 52 percent.

  • Men were owners of about 55 percent of the firms owned by each of the four minority groups. African Americans had the largest percentage of firms owned by women -- 38 percent.

  • Thirty-nine percent of all minority-owned firms had 1997 receipts of under $10,000; about 3 percent had sales of $1 million or more.

  • Average receipts per firm were $194,600 compared with $410,600 for all U.S. firms, excluding publicly held corporations and firms (such as mutual companies) whose owners' race or ethnicity could not be determined.

  • About 1 in 5 of all minority-owned firms had paid employees. More than 4,400 minority-owned firms had 100 or more employees.

  • Fifty-nine percent of all minority-owned firms were in the services and retail trade industries, accounting for 43 percent of all receipts.

Read Census Press Release: Minority-Owned Firms Grow Four Times Faster Than National Average, Census Bureau Reports

Download State of Minority Business Enterprise Data for All States (1997 Data) PDF, 1.06MB

Please find the state profiles below in alphabetical order.

AttachmentSize
PDF icon Oklahoma35.78 KB
PDF icon Ohio35.76 KB
PDF icon North Dakota35.48 KB
PDF icon North Carolina36.02 KB
PDF icon New York35.92 KB
PDF icon New Mexico36.08 KB
PDF icon New Jersey36.88 KB
PDF icon New Hampshire35.81 KB
PDF icon Nevada35.65 KB
PDF icon Nebraska35.39 KB
PDF icon Oregon36.03 KB
PDF icon Pennsylvania35.85 KB
PDF icon Rhode Island35.39 KB
PDF icon Wyoming35.19 KB
PDF icon Wisconsin35.99 KB
PDF icon West Virginia35.62 KB
PDF icon Virginia35.91 KB
PDF icon Vermont35.42 KB
PDF icon Utah35.62 KB
PDF icon Texas36.18 KB
PDF icon Tennessee35.82 KB
PDF icon South Dakota35.25 KB
PDF icon South Carolina35.82 KB
PDF icon Montana35.31 KB
PDF icon Missouri35.39 KB
PDF icon Mississippi35.65 KB
PDF icon Georgia35.89 KB
PDF icon Florida36.83 KB
PDF icon District of Columbia36.43 KB
PDF icon Delaware35.63 KB
PDF icon Connecticut36.5 KB
PDF icon Colorado36 KB
PDF icon California36.99 KB
PDF icon Arkansas35.86 KB
PDF icon Arizona35.94 KB
PDF icon Alaska35.68 KB
PDF icon Hawaii35.68 KB
PDF icon Idaho35.41 KB
PDF icon Illinois36.47 KB
PDF icon Minnesota35.72 KB
PDF icon Michigan35.87 KB
PDF icon Massachusetts36.04 KB
PDF icon Maryland36.55 KB
PDF icon Maine36.08 KB
PDF icon Louisiana35.67 KB
PDF icon Kentucky35.8 KB
PDF icon Kansas35.58 KB
PDF icon Iowa35.61 KB
PDF icon Indiana36 KB
PDF icon Alabama35.77 KB

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Last updated: 04/19/2017 - 4:11pm